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CMC Metals Contracts Gravity Geophysical Survey to Further Delineate CRD Targets at its Silverknife Property, Northern British Columbia
VANCOUVER, BC / ACCESSWIRE / July 13, 2022 / CMC Metals Ltd. (TSXV:CMB) (Frankfurt:ZM5P) (OTC PINK:CMCXF) ("CMC" or the "Company") is pleased to announce that M
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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / July 13, 2022 / CMC Metals Ltd. (TSXV:CMB) (Frankfurt:ZM5P) (OTC PINK:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that McKeown Exploration Services (\"MES\") has initiated a gravity survey on our Silverknife Property in northern British Columbia. MES is a specialist in gravity surveys. The design of the program was prepared in consultation with MES by Dr. Chris Hale and Mr. John Gilliatt of Intelligent Exploration who are the Company's geophysical contractors. Approximately 15.4 line kilometers of gravity survey will be completed in the northern part of the Property (see Figure 1) to further evaluate the significant conductors previously identified by the airborne SkyTEM survey (see CMC Press Release of May 11, 2022, and Figure 2). The survey is expected to take about 3 weeks to complete. The Silverknife property is located immediately west of the Silvertip Mine property owned by Coeur Mining (\"Coeur\"). The Silvertip Mine is one of the highest-grade underground silver-lead-zinc deposits in the world and is currently under care and maintenance. Recent announcements by Coeur relating to a new discovery at Camp Creek West are very encouraging results and improve the prospectivity of the Silverknife Property. The Camp Creek West zone is approaching the Company boundary claim. The combination of this recent discovery by Coeur and other features such as the significant airborne conductors identified on the Silverknife property, the right geological setting for CRD's, the existence of the Silverknife Prospect, and regional northeast fault structures that are likely key control mechanisms for mineral deposition, all indicate a high level of prospectivity at Silverknife. Figure 1. Location of Gravity Stations - Silverknife Property (Source: McKeown Exploration Services) Figure 2. Conductivity Model for the Silverknife Property (Source: Intelligent Exploration) Further analysis of the previously identified conductors through the construction of a 3D Geosoft Model by CMC's geophysical contractor Intelligent Exploration, appears to indicate that previous drilling on the Silverknife Prospect (back in the mid 1980's) was conducted on the edge of the conductors (see Figures 3 and 4). Figure 3. Conductivity 3D Geonic Model Looking Northeast - Silverknife Property(Source: Intelligent Exploration) Fi...